At which price is the bond going to be issued and how much, Financial Management

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At which price is the bond going to be issued and how much

A company wants to issue a SGD 100 million 10-year straight bond, with a coupon of 5.5% paid semi-annually. The market interest rate for companies of similar standing is currently trading at 7%. At which price is the bond going to be issued, and how much funds are the company actually going to collect?

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Financial Management: At which price is the bond going to be issued and how much

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